Bitcoin Miners Face a Looming Sell-Off as Revenue Plummets Bitcoin miners endured their most challenging month in nearly a year in August, as revenue plummeted to levels not seen since September 2023
This significant decline, coupled with a recent surge in mining difficulty and the ongoing impact of the Bitcoin halving, has raised serious concerns about the future stability of the cryptocurrency market. According to Bitbo data, miner revenue in August fell by a staggering 57% from its peak in March 2024. This sharp drop is a […]
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